In fact, when we calculate all the possible outcomes of the match, it equals to 100%. It is not more or less than 100%. However, when we calculate the oddsThe odds for an event.There are three types of odds:American, fractional and Decimal. They determine the profit that can occur if the bet won. of “ANY” bookmakerIs the one who generate odds on events and then accept bets on those events.Bookmaker is also called 'bookie'., we can see that the oddsThe odds for an event.There are three types of odds:American, fractional and Decimal. They determine the profit that can occur if the bet won. offers more than 100%. Bookmakers grab their own winning percents from your stakeThe amount a player bets on a match.. How? Lets see..

Example:

Manchester Utd vs Leicester 1.40 – 3.75 – 7.00

Home win probability: 1 / 1.40 = 71.4%
Draw probability: 1 / 3.75 = 26.6%
Away win probability: 1 / 7.50 = 14.2%

71.4 + 26.6 + 14.2 = 112.2%

It means you confirm that you lost 12.2% on average before the kick of the match for this example. It may vary from bookie to bookie or match to match. Some bookies may take about 10% for soccer and 5% for basketball and some take %15 for basketball and 5% for soccer. This is up to your bookie.

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